Property Details - 120 Forest Hill Road, East Dulwich, London

Photo of 120 Forest Hill Road, East Dulwich, London

Sold for £50,000

Lot 10

This investment property consists of a lock-up shop unit wth basement forming part of an end of terrace property that has been let to an individual tenant trading as a property agent since 23/11/2009. The tenant is currently holding over on the terms of an original agreement at a gross rent of £650 pcm (£7,800 pa) and the property is sold with the benefit of this ongoing income. The property will therefore be of interest to investment purchasers. The building is located at the junction with Rockells Place within a well-established local parade. East Dulwich is approximately 5 miles south of Central London and is served by Honor Oak Park Mainline Station that is close at hand.

ACCOMMODATION

Gross frontage: 16'7
Net frontage: 15'
Shop depth: 21'9
WC/basin

TENURE

Leasehold for a term of 999 years from 2010 at a peppercorn ground rent.

LOCAL AUTHORITY & TAX RATING

Southwark Council 020 7525 5000
Rateable Value: £5,000

VIEWING TIMES

At the courtesy of the tenant

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Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

Buyers Premium of £600 inclusive of VAT
Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
Stamp Duty - rates easily available on-line
Your solicitor fees and any survey fees
Insurance - it is your responsibility from the date of exchange to insure the property purchased.

120 Forest Hill Road, East Dulwich, London